Price Order and Reserve Bank Statement




230 THE NEW ZEALAND GAZETTE No. 8

any transport charges incurred in excess of the charges that
would have been incurred if delivery had been effected in
accordance with that subclause.
(7) In respect of deliveries in quantities of less than six
cases, the maximum prices fixed by subclauses (1) and (2)
hereof are fixed as for delivery free on board or free on rail
at Auckland, Wellington, Lyttelton, or Dunedin; or free on
rail at Christchurch or Invercargill (whichever of the said
places is nearest or most convenient of access to the whole-
saler’s store or other place to which the goods are to be
delivered).

Wholesalers’ Prices

  1. (1) Subject to the following provisions of this clause, the
    maximum price (exclusive of sales tax) that may be charged
    or received by any wholesaler (including the manufacturer in
    respect of any sales made by the manufacturer direct to a
    retailer) for any condensed milk to which this order applies
    shall be at the rate of:

For condensed milk sold by a wholesaler carrying on busi-
ness in any of the cities or boroughs of Auckland, Gis-
borne, Napier, Hastings, New Plymouth, Hawera, Wanga-
nui, Palmerston North, Wellington, Blenheim, Nelson,
Westport, Greymouth, Hokitika, Christchurch, Timaru,
Oamaru, Dunedin, or Invercargill—

Per Dozen
Sweetened Condensed Milk—
For “Highlander” brand (14 oz. tins) ..... 19 9¾
Unsweetened Condensed Milk—
For “Ideal” brand (11 oz. tins) ..... 12 4½

For condensed milk sold by any other wholesaler—

Per Dozen
Sweetened Condensed Milk—
For “Highlander” brand (14 oz. tins) ..... 20 3¾
Unsweetened Condensed Milk—
For “Ideal” brand (11 oz. tins) ..... 12 8½

(2) Where any one delivery by a wholesaler to a retailer of
any condensed milk to which this order applies—
(a) Comprises one or more but less than three case lots, the
maximum prices fixed by subclause (1) hereof shall
be reduced by an amount equal to 2½ per cent
thereof:
(b) Comprises three or more but less than ten case lots, the
maximum prices fixed by subclause (1) hereof shall
be reduced by an amount equal to 5 per cent thereof:
(c) Comprises ten or more but less than twenty case lots, the
maximum prices fixed by subclause (1) hereof shall
be reduced by an amount equal to 6¼ per cent
thereof:
(d) Comprises twenty or more case lots, the maximum
prices fixed by subclause (1) hereof shall be reduced
by an amount equal to 7½ per cent thereof.

(3) The maximum prices calculated in accordance with the
foregoing provisions of this clause shall be reduced as
follows:
(a) By a discount of 3 per cent thereof where payment is
made within seven days from the date of invoice:
(b) By a discount of 2½ per cent thereof where payment is
made after seven days from the date of invoice but
on or before the 20th day of the month following
the month in which delivery is made to the retailer.

Retailers’ Prices .

  1. The maximum price that may be charged or received by
    any retailer for any condensed milk to which this order
    applies shall be:

For condensed milk sold in any area within which the
manufacturer or any wholesaler carrying on business in
any of the cities or boroughs of Auckland, Gisborne,
Napier, Hastings, New Plymouth, Hawera, Wanganui,
Palmerston North, Wellington, Blenheim, Nelson, West-
port, Greymouth, Hokitika, Christchurch, Timaru,
Oamaru, Dunedin, or Invercargill normally undertakes
the free delivery of goods to retailers—

Per Tin
s. d.
Sweetened Condensed Milk—
For “Highlander” brand (14 oz. tins) ..... 1 10½
Unsweetened Condensed Milk—
For “Ideal” brand (11 oz. tins) ..... 1 2

For condensed milk sold elsewhere—

Sweetened Condensed Milk—
For “Highlander” brand (14 oz. tins) ..... 1 11½
Unsweetened Condensed Milk—
For “Ideal” brand (11 oz. tins) ..... 1 2½

GENERAL

  1. Notwithstanding the provisions of this order, the maxi-
    mum price that may be charged by any wholesaler (excluding
    the manufacturer, in respect of any sales made by the manu-
    facturer direct to a retailer) or by any retailer for any con-
    densed milk to which this order applies, bought by the
    wholesaler or by the retailer before the date of coming into
    force of this order and unsold by him at that date, shall not
    exceed the appropriate price authorised pursuant to the Con-
    trol of Prices Act 1947 to be charged immediately before
    that date. In the case of any condensed milk to which this
    order applies bought by a wholesaler or by a retailer after
    the coming into force of this order at the appropriate price
    authorised pursuant to the Control of Prices Act 1947 to be
    charged immediately before that date, such condensed milk
    shall not be resold at prices in excess of those so authorised
    prior to the coming into force of this order.

PROVISION FOR SPECIAL PRICES WHERE EXTRAORDINARY CHARGES
INCURRED

  1. Notwithstanding anything in the foregoing provisions of
    this order and subject to such conditions, if any, as it thinks
    fit, the Tribunal, on application by the manufacturer or by any
    wholesaler or retailer, may authorise special maximum prices
    in respect of any condensed milk to which this order applies
    where special circumstances exist, or for any reason extra-
    ordinary charges (freight or otherwise) are incurred by the
    manufacturer or by the wholesaler or retailer. Any authority
    given by the Tribunal under this clause may apply with respect
    to a specified lot or consignment of condensed milk or may
    relate generally to all condensed milk to which this order
    applies sold by the manufacturer or by the wholesaler or
    retailer while the approval remains in force.

Dated at Wellington this 17th day of February 1965.

A. G. BEADLE,
Director of Trade Practices and Prices Division.
(I. and C.)

Gazette, 16 July 1964, Vol. II, p. 1160

RESERVE BANK OF NEW ZEALAND

STATEMENT OF ASSETS AND LIABILITIES OF THE RESERVE BANK OF NEW ZEALAND AS AT THE CLOSE OF BUSINESS ON
WEDNESDAY, 10 FEBRUARY, 1965

Liabilities Assets
£ s. d. £ s. d.
2. General Reserve Fund ..... ..... 1,500,000 0 0 8. Reserve—
3. Bank notes ..... ..... 82,048,056 0 0 (a) Gold ..... ..... 243,626 16 4
4. Demand liabilities— (b) Sterling exchange ..... ..... 20,747,755 11 4
(a) State— (c) Gold exchange ..... ..... ——
(i) Government marketing (d) Other exchange ..... ..... 466,683 19 0
accounts ..... ..... 386,005 0 0 9. Subsidiary coin ..... ..... 1,030,458 5 0
(ii) Other ..... ..... 10,606,768 19 8 10. Discounts—
(b) Banks ..... ..... 83,347,228 0 3 (a) Commercial and agricultural bills ..... ——
(c) Other— (b) Treasury and local body bills ..... ——
(i) Marketing organisations ..... 281,688 9 3 11. Advances—
(ii) Other demand liabilities ..... 1,665,337 11 11 (a) To the State or State under-
5. Time deposits ..... ..... —— takings—
6. Liabilities in currencies other than New (i) Government marketing
Zealand currency ..... ..... 162,574 0 8 accounts ..... ..... ——
7. Other liabilities ..... ..... 9,098,710 4 0 (ii) For other purposes ..... 43,135,736 10 2
(b) To other public authorities ..... ——
(c) Other—
(i) Marketing organisations ..... 36,879,518 5 8
(ii) Other advances ..... 250,937 10 0
12. Investments—
(a) Sterling ..... ..... 24,672,313 17 4
(b) Other ..... ..... 60,043,831 10 11
13. Bank buildings ..... ..... ——
14. Other assets ..... ..... 1,625,506 0 0

£189,096,368 5 9 £189,096,368 5 9

R. M. SMITH, Chief Accountant.



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